Which is particularly relevant at consultancies where the product is a service.
If you join a consultancy group, and 2 months later quit with the client roster... is it really OK to poach all their clients to start your own consultancy?
All of these contracts are time limited, FWIW. E.g. non-solicitation doesn't mean you can never work your your colleagues again. It protects against someone leaving and then immediately poaching all employees within 12 months. After 12 months you're welcome to poach as much as you'd like.
Edit: Furthermore, non-solicits don't ban your colleagues from quitting with you, as long as you're not directly asking them to quit. If they make the decision independently without being lobbied by a former employee, it's not in violation of non-solicit.
Yes. It's called free market competition and it's great for the society and economy. NYC bankers should be first in line to understand that.
The way you solicit clients from a prior company is downloading the client list, exporting to a personal drive, quitting, then using the list to poach.
I’m fine if that’s your intention, but let your employer know upfront that you won’t protect confidential company data.
This is categorically untrue – if some past employer told you that, you might want to ask what their motives for lying to you were. Your knowledge of who you worked for is not corporate IP.
The actual legal standards vary from state to state but in some states it come down to three things: does that list have economic value on its own, would it be hard to recreate, and does the company make an effort to keep it secret? That probably won’t apply to your personal memory of who you worked for since that's highly unlikely to be an independently valuable resource - typically that would be a big list of non-public information like people who signed up to preorder a product, people with a certain need or interest, etc. – and it definitely wouldn’t include anything listed on their website, press releases, or someone’s C.V. If you dump the CRM on the way out, yes, you might be in trouble but there’s no legal standard expecting you to be mind-wiped on the way out.